The statement refers to a short liquidation for $PNUT which appears to be the ticker for a specific cryptocurrency Here's a breakdown of the details:

Short liquidation: This occurs when a trader has shorted an asset (betting that its price will decrease) but is forced to close their position due to the price rising beyond their margin level, resulting in a forced buyback of the asset at a loss.

$1.1999K: This represents the value of the short position that was liquidated, meaning a $1,199.9 short position in $PNUT was closed due to price movement.

$0.65714: This is the price of at the time of the liquidation. When the price rose to $0.65714, the trader's short position was triggered for liquidation.

In summary, a $1,199.9 short position in was liquidated when the price of $PNUT hit $0.65714, forcing the trader to buy back the asset at a loss.

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